E-KYC and Privacy
E-KYC or electronic know your customer is a process of verifying a customer’s identity using electronic means. This can be done through various methods such as online form submission, video KYC, or biometric verification. It is essential to ensure that proper KYC procedures are followed to prevent money laundering and other financial crimes. There are various benefits of using E-KYC for businesses. It helps to reduce costs and save time as there is no need to verify the customer’s identity physically. It also makes it easier to onboard new customers as they can submit their information online. In addition, E-KYC